Modern Retail Liquor

Union County, NJ

Seller Financing Available
Retail Liquor Business

Asking Price:$675,000

Cash Flow:$135,000

Gross Revenue:$1,125,000

EBITDA:N/A

FF&E:$275,000

Inventory:$225,000*

Rate/Sq. Ft.:$34.90

Established:2010

*not included in asking price.

Modern Retail Liquor

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Business Description

Good volume liquor store on an active state highway in Union County New Jersey. The business has a gross yearly income of $1,125,000 and a net yearly income of $135,000. The business also has a lotto yearly net income of $36,000. The business has a C type liquor license which additionally permits consumption and brings in $110,000 additional yearly income. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. Due to the liquor license, this industry require government agency approval to purchase. This retail facility consist of 2,750 square feet has an attractive clean modern appearance with a wonderful convenient location. The business is located on a state highway, US Route 1 in a highly active commercial mall with various other successful national franchise businesses. This opportunity is located in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this particular industry. This particular business has three employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $7,200. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $10,300, rent per square foot is $34.90and rent security $6,000. The business has a capacity for approximately sixty-five customers. The business assets have an estimated value of $275,000 which includes the distribution liquor license and the sale consists of a fully equipped commercial retail store, which includes displays, shelving, POS system, tables, computers, refrigeration and freezer units, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private and public parking on site as part of the lease. The business is active seven days per week, with hours from 10:00 am to 10:00 pm. The sale includes a state issued liquor license, certificate of occupancy from the particular municipality and the required city licenses to conduct its day to day business. The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator. The owner is relocating out of the state of New Jersey. The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income. To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
The 2015 yearly gross income is $1,125,000 and the business has a yearly net income of $135,000 based on an owner operator and prior to debt service. The business has been valued at $675,000 plus inventory, based on a multiple of the net yearly income and the value of the specific business assets and seller financing has been approved to a qualified buyer with an appropriate down payment, collateral and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,750
Lease Expiration:
10/1/2026
Employees:
Three
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This retail facility consist of 2,750 square feet has an attractive clean modern appearance with a wonderful convenient location. The business is located on a state highway, US Route 1 in a highly active commercial mall with various other successful national franchise businesses. This opportunity is located in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this particular industry.
Competition:
To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has a limited marketing plan, poor web site and if improved can further develop the business bottom line net income.
Financing:
Seller financing available to qualified buyer
Support & Training:
The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The owner is relocating out of the state of New Jersey.

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Ron Cervelli

Business Listed By:
Ron Cervelli

Regal Consulting Corp.

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